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have a hard time understanding because we are the united states of america, and i had a hard time understanding until i started turning over every stone to see what authorities we had the there was no authority to guarantee liabilities or to put capital into the institutions. but any event, i'm not sure what -- the british were -- i had said in the book i used rasht language when i was disappointed but as i sit in the book as i reflected on it, they obviously had their own issues they were looking at and the regulator it was for them a very difficult decision to let one of their banks go ahead and in the middle of a run lehman brothers step in and make the acquisition and be confident they had the wherewithal to do that. limited part in a much smaller transaction and i think it was tuesday or wednesday of the british authorities said if you have an account with lehman keeping securities there you couldn't take it out. they froze the accounts basically, which i gather came as a surprise, came as a big surprise to me. >> that was i think that shocked the markets. my recollection is
. >> president obama brought his campaign against america's banks to lower manhattan this week. our nation's financial nerve center. in the wake of his healthcare overhaul win, mr. obama has a new target. instead of health insurance companies, the president's new villain is wall street. the president has a five-prong action plan for regulatory reform. one, six government bailouts. shut down big bank when is they begin to fade. two, the boca rule limits the risks take know by banks. three, trams pairencey, especially for complicated investments like derivatives. where investors don't know all the players. four, consumer protect. more information for individual investors about the financial products they're buying, notably in the complex derivatives market. five, reforms pay for executives. investors and pensions vote on compensation for ceos. mr. obama emphasized that wall street has nothing to fear from his administration and its roles. >> unless your business model depends on bilking people, there is no fear from these new rules. [ applause ] >> hold on, mr. president. bilking? bilking? w
to change the finer of tfin fiber of the anger going on in america. >>> michael douglas made a pitch to show mercy on his drug dealing 31-year-old son. would a judge even consider a softer sentence on average joe's son? should we be angry on how celebrities are treated in this society? next on msnbc. somewhere in america... there's a home by the sea powered by the wind on the plains. there's a hospital where technology has a healing touch. there's a factory giving old industries new life. and there's a train that got a whole city moving again. somewhere in america, the toughest questions are answered every day. because somewhere in america, more than sixty thousand people spend every day answering them. siemens. answers. you stood in the basement gathering dust while i, sneezing, itching eyes kept you from our favorite stream. the one that runs through a field where pollen floats through the air. but now, with the strength of 24-hour zyrtec® to relieve my worst allergy symptoms, indoors and outdoors... let's go before the fish stop biting. they won't wait for us. but that's okay. zyrtec® i
will support and defend the constitution and laws of the united states of america against all enemies foreign and domestic, that i will bear true faith and allegiance to the same, that i will bear arms on behalf of the united states when required by law, that i will perform non-combat service in the armed forces of the united states when required by law, that i will perform work of national importance under civilian direction when required by law, that i take this obligation freely, without any mental reservation or purpose of evasion, so help me god. congratulations, new citizens. [applause] . it takes a very special individual to serve and defend a nation that is not yet fully your own. that is what each of you are doing, and that his testimony to your strong sense of patriotism. our nation thanks you for your service. we owe the freedoms we enjoy to the sacrifices of men and women like you. since september 11, 2001, the united states citizenship and immigration services as naturalized over 58,000 members of our armed services. since last year we have offered non citizen enlistees the oppor
's an easy company for main street america to hate. so now all of a sudden all of this attention on, you know, potentially, allegedly goldman sachs defrauding its investors. and this gets washington angry and rightly so. it gets main street america angry. and people are saying, something has got to be done. that's when the politicians step in. >> i'm trying to do a whole show on the anger is out of control but yet in this instance. okay. i'm a guy paying my bills, paying my credit card bills. as i understand this, billionaire john paulson, okay? who basically gets in bed with goldman sachs and says i'm going to go out and find the worst mortgages i can find. you're going to help me put this product together. i'm going to bet against it. ha ha. by the way other guys at goldman sachs go out and sell it to your customers while i'm shorting it. how do they explain that as anything other than fraud? the fact that paulson was putting this product together? >> i don't think he possibly can. >> aren't they saying every institution bets on both sides? >> in other words you've got a situation where peo
to testify later this afternoon. >>> meanwhile, halfway across the country in the heartland of america, president obama is kicking off his main street tour. the president making stops in three iowa cities. all have unemployment rates hovering around 10%. we'll hear from the president in about ten minutes. he's in ft. madison. we'll bring you his comments live. see the folks waiting there for the president. >>> we begin with the much anticipated testimony of a star witness at a heated senate hearing on the financial meltdown. the ceo of wall street giant goldman sachs lloyd blankfein is due to appear a little bit later today. other top goldman executives have been facing tough questioning from senators for hours now. >> do you think you contributed -- your actions contributed to the financial downturn that we experienced in 2008? >> do i think my personal actions did? >> goldman sachs's. >> you know, i don't know. i'd like to think about that and respond to you. i haven't thought about that specifically. >> you haven't thought about it? another key witness today, goldman whiz kid trader
in america. officers being assaulted. officer involved shootings, carjackings home invasions in the absence of federal action our state now taking action. it is welcomed action and step by us who serve in law enforcement. >> greta: we could go back well beyond former president clinton when he was in office and find federal lead said we've got to secure our borders. i take it do you not think our government is going to secure the borders? have you given up or not? >> not at all. what chief is a lack of uniformity here even locally. we've had an evolution, if you will, in local leaders even in law enforcement, where we've always bought into this idea that that i is a federal problem. we can no longer afford to ignore that crime in my county where we have a third of our population is hispanic, latino, i have 200 of my taff that are, we are going to apply this new law without profiling anyone. last month get we had -- >> greta: go ahead sorry to interrupt. >> raft last month we had 64 pursuits in one of our patrol regions. a vehicle fails to yield for our lights going on and sirens blaring, the
into america. they saw a great opportunity through mexico. the overland route took them by monterey. here we are with all breaking loose and everybody is scared. you have a lot of people who are totally innocent and looking for safe haven and they are worried about others because we are arming the other side. the mexican army and police are dying every day to keep the drugs from coming and the bad guys come over here and get somebody to go buy some assault weapons because we did not institute the assault weapons ban. . . the real reason this anti- immigrant sentiment -- look at the numbers -- white male factory workers without a college degree got killed in the last decade. manson -- manon -- men in terms of wages killed even worse than women did. the economic downturn was basically on white male high- school graduates and women high school graphics with a couple of years of college that just got hit in the economy. but they will get more jobs with the economy grow. their taxes were be lower. the changes we will have to make will be slightly less draconian if you have more people contributin
, this is "america live", new details in the administration crackdown on wall street, the president calls them fat cats and piranas, so we tracked the money trail and we'll show you where it leads. >>> how did the cell phone left behind in a bar become one of the biggest news stories in america today? we'll show you what has a wildly popular tech company spitting mad. >>> and -- >> look at you! >> i feel a little nervous, robin! >> are those rip-away paves? >> rip-aways pants? don't they make such a thing as rip-away pants? >> not for newscasters. >> baby, look at you! >> oh, thank you. megyn: i went toe to toe with howard stern this morning. that's how it started. wait until you hear how it ended. right here. >>> but first up this morning, controversy and protests in arizona where governor jan brewer is on the verge of possibly signing the toughest crackdown on illegal immigration anywhere in the country. arizona's legislature yesterday passing a measure allowing police to detain people who cannot prove that they belong here. opponents of the bill protesting today, even holding a mock funeral, co
advisers. >> sean: basically when he was telling america, using the fear tactics that we faced a disaster, catastrophe unless we passed the stimulus, they basically what you are saying and this report is saying they said anything they needed to say to get the stimulus passed. is that the same on health care? is that the same on cap and tax? can we trust they are being honest with us? >> they came to the hill and said if you don't pass this stimulus unemployment is going to go way up pass 8%. you pass the stimulus it will stop unemployment from going beyond 8%. it went up to 10% and beyond we lost four millions jobs this is the reason why not a single republican voted for this, if borrowing and spending a trillion dollars which is what this adds up to, was a secret to prosperity and job creation we wouldn't have job problems, we would have full employment. we are borrowing and spending more than we have in the history of our country is an economic agenda not based on good economic policy it was about satisfying spent up spending demand that these people had in congress -- >> sean: presiden
think right now with all of those people with spring break around the world and also here in america, we going to probably see that many people will be stranded over there not for five or six more days but maybe up to 10 to 14 days and depending -- here is the thing. i had a kid stuck in prague. send money western union to your kids, especially the college kids, they ran out of money. >> thank you very much. coming up work monday's 15th anniversary of the horrible oklahoma city bombings commentators like bill clinton are expressing concern that the anti-obama rage prevalent over some parts of the country could spur violence. also, the probe of the banksoco that helped bankrupt america, after this. unless taken with food. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. citracal. since you opened your design firm... ... your presentation didn't. so here's your moment of truth. which 3g network do you trust to email the file, get it printed, and have it waiting upstairs ? when you want your 3g network to work, you want verizon. vi
in a bipartisan manner, to engage all spectrum stakeholders to assure america keeps pace with the coming mobile revolution. the plan would stop universal service fund from subsidizing multiple competitors. would reform, inner carrier compensation, would increase spectrum flexibility and have some interesting ideas on maximizing infrastructure utilization. i look forward to learning more about these recommendations and many other contained in the national broadband plan during this hearing and coming weeks an months. just one last comment on the comcast versus fcc decision. this is clearly had a major impact on the future of our country's broadband policy. the d.c. circuit correctly, in my view upheld the view that the fcc does not have the unfettered power to regulate the internet. i hope that the commission will continue its successful light touch approach as was described by my colleague senator hutchison. to the internet and will now abandon what i believe was a mis-hit guided pursuit of net neutrality regulations. so i look forward to hearing from the chairman how he think the decision will
entertainment. in the past four decades have the media been objective or doom and gloom. america remembers oklahoma that dark moment in our nation's past gave some in the media a chance to compare tim mcveigh's evil deed to tea party protesters. should there be outrage? concerns over iran's nuclear threat grows. memo from defense secretary makes headlines. are the media missing the mark? with suspended anchors and internal strive is msnbc in trouble? on the panel in week writer and contributor judy miller. cal thomas. jim pinkerton and kirsten powers. i'm jon scott, fox news watch is on right now. >> the president: as i said on this stage two years ago, i believe in the power of the free market. i=> that's how the president began his address to wall street's titans telling them increased government oversight will b
over the weekend. we have the complete details straight ahead. somewhere in america... there's a home by the sea powered by the wind on the plains. there's a hospital where technology has a healing touch. there's a factory giving old industries new life. and there's a train that got a whole city moving again. somewhere in america, the toughest questions are answered every day. because somewhere in america, more than sixty thousand people spend every day answering them. siemens. answers. >>> of breaking news about the oil rig explosion. the coast guard is calling off the search for a 11 missing workers after the oil rigs had and the gulf of mexico. it doesn't appear that any additional oil is leaking. they have to clean up the shore. the severe weather could push the oil to show -- shore faster. >>> 1 use crutches and another used a wheelchair. >>> the u.s. launched an unmanned space rocket, but the intention remains a total mystery. the air force has not said how long the mission will last and will miss at the rocket will conduct tests. details remain a secret. when it is efficient --
capitalism and put america back on top and also ut biz editor with economists and one of the smartest journalists around. thank you for joining us. appreciate it. straight to it. give me the directions to the road from ruin. >> the book is really about our capitalism failed. had lehman brothers went bust and the rest of the financial system went into meltdown, that was clear evidence that we couldn't carry on as before. capitalism was not supposed to involve the government coming in and bailing out all the bankers. so in the book we set out an agenda for reforming capitalism so that it can actually work better and serve the public rather than serve a small group of people on wall street and set out a number of idea, the, some in of the current reforms pushing, others are not. more fundamental. >> what of the president's reforms do you agree with and in your road map first? >> one of the ideas i like, set up a consumer protection agency. i wish it wasn't being set up with the federal reserve, but as an independent agency. >> why? >> because i think the banking industry did exploit the
with all of those people with spring break around the world and also here in america, we going to probably see that many people will be stranded over there not for five or six more days but maybe up to 10 to 14 days and depending -- here is the thing. i had a kid stuck in prague. send money western union to your kids, especially the college kids, they ran out of money. >> thank you very much. coming up work monday's 15th anniversary of the horrible oklahoma city bombings commentators like bill clinton are expressing concern that the anti-obama rage prevalent over some parts of the country could spur violence. also, the thank is what dunk that is what the boston tea party was about, no taxation without representation. it was not about representation by people that you didn't vote for but can vote out of the next election. >> you don't have to be nice. you have be careful not to advocate violence or cross the line. >> bill clinton with the sound bite you just heard just gave the kooks an excuse and opportunity to be violent. >> geraldo: responding to rush, former president clinton added the
. a lot of presidents we're talking about today. of course, dick is the author of "2010, take back america." all right, dick, so it's a little confusing. larry summers worked for president clinton. now he works for president obama and somehow in the middle it's president bush's fault. >> well, they're going to rename the san andreas fault in california president bush's fault. both sides have merit here. the underlying responsibility for this crisis is clearly the policies of the clinton administration because they required the fannie mac and freddie mae, fannie mae and freddie mac, i got them mistransvestite there to upgrade and increase the number of lower income mortgages to 50% of their portfolio that could only be done by issuing mortgages with no down payment required and with very loose financial terms. and then during the bush administration, bush tried to regulate fannie mae and chris dodd and barney frank filibus r filibustered the bill or in the senate dodd did and stopped it from passing. on the other hand, once you had the poison of these bad mortgages in the system, the decis
't keep them inside new jersey. people have been dumping on new jersey those days are over america's governor is showing the nation, leading the nation toward governance that balances responsibilities and revenue with spending. >> paul: is the key that christie has engaged the middle class? new jersey property taxes are paid by homeowners by the middle class. not like income tax which you can at least take out some -- reduce the burdens on some middle class taxpayers relative to rich. property taxes hit at that sweet spot. has he engaged that voter base on his behalf? >> he has engaged them. but it relates to what jason was saying. he's the first governor in a long time to say clearly here's what i think the problem is. government employees and that includes teachers unions that have gotten promises from this state and from taxpayers that can't be fulfilled. >> paul: what the implications here nationally? are these lessons translatable to sacramento, albany and other failed capitals? >> their knees ought to be shaking now. behind this is the idea, especially among democratic-led ad
to private. that is about 70% of small businesses in america. it will be interesting to see how robust that small business tax credit is. obviously, this is a category of folks that are prevalent on a daily, real basis. -- struggling on a daily, real basis. we tried to highlight areas of concern. we did not get to everything, we could not, in the 30-page document. for the immediate regulatory issues that need to be held this year, you have heard it before. this grandfather plan is huge. right now and employers are frozen in their benefit designs, cost sharing responsibilities, deductibles, so they're absolutely needs to be clarity. in addition, medical loss ratio will need to be defined. ali, they are very broadly defined. my personal hope, view here, fraud and abuse programs, programs to prevent that, care programs, should be defined as medical care benefits. if they are considered outside of your benefit dollars, it would hurt you. if you do not reach 80% in the small market, you have to start paying rebates to consumers in 2011. one thing that we have not talked about, within 90 day
. this was the most significant news of the weekend. the secretary of defense saying the united states of america does not have a long-range plan for dealing with iran. and the second i read that, i didn't think, oh, my gosh, the obama administration has fouled this up. i thought, oh, my gosh, the united states of america has not over the past decade between two administrations figured out how to deal with this very troublesome regime. jon meacham, five years ago, the wall street journal, five years ago, "the wall street journal" was writing blistering editorials attacking the bush administration for allowing iran, and we talked about it repeatedly, step over one line in the sand after another line in the sand. gates was talking about, of course, where they are right now, but he was talking as well, i think, about how the bush administration was unable to contain iran's nuclear ambitions. >> both those points are really important because the cold war -- the post-cold war proliferation story is like the cold war in that it doesn't pay a whole hell of a lot of attention to inauguration dates. gates serv
sector since the 1930s. critics call it a jobs killer. good morning, i'm bill hemmer, welcome to "america's newsroom". martha: welcome back, bill, good morning to you, good morning, everybody, i'm martha maccallum. while the president is making a pitch -- senators on both sides of the aisle try to negotiate a deal, one of the top economic advisers believes this has the votes to pass. take a look. >> i think you're going to see independent members of ck, of both parties are going to read the bill and say i totally agree with what is happening here, we need to end bailouts, too big to fail, derivatives out into the open so, so i think they're going to vote for it. bull bill we're getting earth word of what the president is going to say in manhattan. major, is this speech about new policy? >> it's not, bill. this is a speech to round up votes on capitol hill, make the case, and symbolically portray what happened in the great recession as something set in motion by recklessness and to a certain measure, greed on wall street. now, the president has got about 700 people in the audience at coope
here in america about what this comes amid controversy surrounding the new immigration law in arizona that sparked protests this week. >> this new law allows police to question people about their immigration status. these students believe it will discriminate against immigrants. >> our fear is that our country will regress and racial profiling will become a law that is prohibited like an arizona. >> the students say their fight is far from over and they plan to hold the rally saturday morning followed by a march to the white house. >>> meanwhile, district council members are looking to block d.c. police from joining a federal program to crackdown on illegal immigrants. counties in maryland and virginia have joined the federal fingerprinting program that allows police to check the immigration status of people they arrest. council members are sponsoring a bill to keep d.c. police from joining of that program. >>> two people on board a plane traveling from frederick, maryland to mississippi have died in a crash. federal investigators say that plane went down in eastern kentucky about 5:3
of bake love bakery we see across the region and you are hear to talk about united cakes of america book and it is just that. >> yes, thank you. united cake of america is my second book and i'm very excited about it. it officially releases in may, that's around the corner. my first book signing locally will be on may first. i'm psyched about it. i love cake. i love talking about cake and sharing recipes. >> and spreading the love. 50 states and puerto rico. >> and district of columbia of course. >> can't forget us, right. >> you have recipes that are based on each cake. >> yes. and they celebrate the folklore, the traditions in each state. sometimes agricultural things that come from each state. we have a sweet potato cake with pecans for louisiana and the king cake of course for louisiana but i like to throw in things that are coming from inside of me. >> what are we doing today? i feel bad. i feel like andrea roane should be doing this interview. she's from louisiana. >> i want to keep it simple for you. i know you want to get in the kitchen and understand more of it. i want you to use
in terms of the money they're making. this was a great investment by the taxpayer of america into america. what's wrong with investing into a little american -- >> neil: but mayor, it would be like say you're giving money to your kids, two different kids, the one kid paid his brother's loan back with the money from another. you know what i'm saying? nothing was paid back, so to speak. you borrowed from one to the other. the company is stick in who can hock to us. >> no question. i'm not arguing that. the important issue is what are the preinjections, the numbers in the company. overall the company is getting healthier. this was a wise investment that saved millions of jobs. >> neil: mayor, i don't dispute that. you might be right but hasn't paid it back in and out. when we had the inspector general, he put is succinctly. >> one thing people overlook is where he they got the money to pay back the loan. it isn't from earnings. they didn't earn an extra 4 1/2 billion dollars, it's from another pool of tarp money they received. so there was money in escrow. >> neil: so they paid off a credit
of the dow so far in 2010. let's get over to mary thompson now for the very latest on bank of america, the other dow reportee today. >> like jpmorgan, bank of america handling and beating street estimates. a record economy and strong sales behind the trade numbers as the much aligned merrill lynch acquisition continues to pay dividends for the bank. ceo brian moynihan had this to say about the quarter earlier today on "squawk box." >> well, i think our global banking and markets business, our investment banking business had a great quarter, and i think the other area i'd say is the credit sim proving. it's still way too high from our standards, but it is improving and both those are good news for our company. >> earnings of 28 cents a share were 17 cents ahead of estimates. five of the bank's six units, including the troubled credit card business, posted profits. still, net income declined to $3.2 billion from $4.2 billion last year as charge-offs for non-performing loans increased. on the plus side, the $9.8 billion set aside for future loan losses with $3.6 billion less than was set
with minor injure yes, the horses were not seriously hurt. megyn: i'm megyn kelly, this is "america live", a huge development in iraq today, two al-qaeda leaders taken out, including this man, the terror group's military commander, a top just is not -- u.s. general says this is the most significant blow to al-qaeda in iraq in years. we've got you covered. >>> plus howard stern versus jay leno, with the sirius radio star sue the late night host for stealing his ideas? stearns said jay is a flipping ripoff. is he right? and -- >> mr. president, mr. clinton, unwittingly, unpurposely, i give you the benefit of the doubt, you have set this stage -- with this comment, you have just set the stage for violence in it country. megyn: a war of words heating up between former president bill clinton and rush limbaugh, we've got it all here, right now on "america live". >>> we begin with some good news for some passengers stranded by the spreading cloud of volcanic ash, word now the united kingdom will lift air space restrictions, opening the skies up for the first time since island's volcano eru
a common goal. america's beverage companies have removed full-calorie soft drinks from schools, reducing beverage calories by 88%. together with schools, we're helping kids make more balanced choices every day. ♪ >>> will the top firm on wall street become the top fall guy on capitol hill? next hour, sen torgs aators ared to grill the leading executives of goldman sachs. they want to know if the company's zeal for profits contributed to the country's financial crisis. after 20 years in a miami prison, manuel noriega gets a flight to paris and a quick return to jail. the former pan mainian dictator was extra dieted to stand trial on charges he laundered drug money. they seized noriega after invading panama in 1989. he has been held as a p.o.w. they wanted him back to stand trial on murder charges. the u.s. gave him to france instead. >>> gages israel's patience over iran. the pentagon and state department getting involved taking a look at where the military stands and the issue of a possible war. a presidential pop-in -- >>> presidential pop-in, president obama wanted to talk to israeli
, live from the nation -- america's news headquarters, live from the nation's capital right now. across europe and around the world, air travel is grinding to a halt because of the icelandic volcano that continues to build smoke and ash thousands of feet in the air. the situation is even threatening to scuddle the president's plans to attend the funeral of polish president lech kaczynski. only 5,000 flights in the air over europe today. on a normal day, there would be almost five times that number. our own greg palkot is one of the thousands of stranded travelers. greg is stuck in dubai because his flight to europe was canceled like most of the other flights bound there. greg, what is the latest with travelers and flight schedules where with you are? >> hey, brian. we're stranded like tens of thousands of others around the world, thanks to the volcanic ash cloud across europe. we were traveling back from an assignment in yemen and hoping to transit today to london through this major air hub through dubai in the middle east. not emirate airlines, the biggest in the region, the one we wer
is too big? isn't that the whole idea of america, like trying to grow your company to become as big as possible? i don't know, that struck me as very interesting that now we're going to have a whole new era of determining whether or not companies are too big? >> well -- >> so if the republicans can block the vote today, the republicans will have a better footeding going forward to get a bill more to their liking. coming up straight ahead -- that's very true, steve. coming up, the reverend al sharpton threatening to fight arizona's new immigration law with civil disobedience. the sheriff next, he has something to say about that. >> please, don't stop the music. pop star rhianna takes a big tumble. and it's all caught -- >> there she goes. >> why does she wear those heels? >> tumble! [ isabella ] hi, i'm isabella, and this is pasta night at our house. [ laughter ] what is it about spaghetti and meatballs? i mean, it's a fun night. and the whole dinner is from great value at walmart. and it's all for less than $2 a serving. i have a budget like anyone else. this is what i did with mi
america, small businesses, consumers, public safety and cyber security. that is why it is so important that everything that we do has a solid legal foundation. the communications act, i believe, requires the fcc to adopt policies to protect consumers in concerts networks whether they are traditional networks are newer data networks. they assume that the fcc is making sure consumers are protected, competition is promoted, innovation and investment are promoted and it will be completely consistent with the communications act for us to continue to do what the fcc on a bipartisan basis has been doing for quite some time. >> thank you, mr. chairman. >> senator nelson. >> thank you, chairman. i would ask that my statement be entered in the record as an opening statement. >> will i have a chance to read it first before i rule on that? >> that is up to you. >> so ordered. >> thank you, mr. chair. >> mr. genachowski, your plan has recommendations to provide the ultra high-speed internet to some select military installations. and, of course, we have quite a bit of military in this state of flor
critical to both of us and i just want to repeat how horrified all america was at the recent attacks in moscow. we recognize that that is a problem that can happen anywhere at any time and it is important for russia and the united states to work closely on those issues. and there is the people to people context, figuring out how we can make sure there is more interaction and exchange between our two countries on a whole range of issues within civil society. so i am optimistic we can come to new to make progress -- but we need to -- it speaks to not only security of the nation but security of the world. >> [speaking in russian of] >> [interpreter] yes, we have 9% of the stockpiles which is from the cold war legacy. we will do what we can to be taken in mind the special issue of the united states and russia on the issue. we do care about what is going on with nuclear arms and other countries of the world and we can't imagine a situation between the russian federation and the united states, taking efforts to disarm and the world will move toward a different -- printable different direct
, right? >> remember, if you're buying for 30 years and you believe in america, you still would buy a home. interest rates are very low. interest rates being low, you're buying it for very cheap. if you buy for five years can compare the cost of renting, you don't have any fees or roof repairs or taxes comparing to buying now for five years. >> not going to go up 20%. >> my crystal ball at least goes out five years unless you're getting an incredible deal. which if you work hard enough unlike in stocks, insider trading and real estate is condoned. >> if you're renting and you put an option to buy, that's my point. if you already need to rent, put an option to buy. >> thank you for joining us, we really appreciate it. >>> blackstone group and continental sinking today. >>> up next president obama near wall street this hour to make his case for overhauling our financial system. we'll head live to the cooper union in lower manhattan for cnbc special coverage. >>> welcome back, everyone. president obama in new york city at this hour preparing to go into the lion's den. he is getting ready to s
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system works in america? the chairman an ranking member of the banking committee, chris dodd of connecticut and republican senator richard shelby of alabama. then the growing political divide, arizona's governor with the toughest immigration law. president obama calls it misguided. plus, populous anger against wall street. the ceo of goldman sachs prepares to answer questions, but at the same time deepening distrust of government's role in the economy. how will voters sort it out in november? our roundtable weighs in. "the new york times'" david  cbs erin burnett, npr michele norris and "newsweek's" evan thomas. captions paid for by first an exclusive interview with the men at the center of the debate, the chairman and ranking member of the senate banking committee, senator chris dodd and senator richard shelby. welcome both of you back to "meet the press. >> thank you, david. >> good to have you here. this is high noon for financial reforms. senator dodd, the big question is do you have a deal? >> well, richard and i spent a lot of time together over the last year working o
of the book "2010, take back america." dick morris, are you surprised? >> well, it had to happen. the obama administration -- obama is to unused to press criticism, he is used to add do you legs, when he gets anything less than the falling on their faces they react very tensely and very aggressively. there is a very specific danger that i am very worried about that the american people are not really worried about. >> juan: yeah? >> i describe this in my book "2010" john leash wits head of the fec. columnist to the "the washington post" responding to calls from "the washington post" leaders has initiated a study to determine whether the administration would support subsidies to news organizations. tax abatements, special mailing costs, all kinds of news --on this is as the news business is economic free for all. >> "new york times" lost 9% of its readers in the last six months. what i'm worried about is if they do that and it sounds like they are working their way into that, what will happen when anita dunn the communications director for obama says fox is not a news organization. that's but
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about humankind. she was a true believer that if america really did what it was supposed to do to the brothers and sisters and the citizens that made up this great country, then fairness and equity would determine that all people are truly treated equally. and even though she wasn't born in the city of new york, we are so proud she went to new york university, even though she was turned down with a scholarship at bernard college, that she stayed there and worked in our harlem ymca, that she was confidant to adam clayton powell at his church and counseled his father who was pastor before him. time is beginning to record that there's been a lot of people that struggled to make this great country all she can be and when the final word is written, there's no question in my mind that dorothy height will not just go down as a black civil rights leader. she will go down as a great american who recognized that bringing together this country, black, white, jew, gentile, catholic, and protestant, by bringing this all together, she has indeed made this a better world. she's made it a bett
will be joined by shane harris author of "the watchers: the rise of america's surveillance state." p.w. singer author of "wired for war" and bruce riedel, author of "the search for al qaeda." the second panel will begin in about an hour and 50 minutes on the world of water. we expect the third panel at about 1:15. it will be on wall street. >> we're going to get started. can you hear me okay? thanks for joining us, and i wonderful thing because so many of you want to spend a beautiful saturday morning in a dark jim talking about cheerful subjects like al qaeda, terrorism, robotic soldiers and war was electronic surveillance. but welcome. i've been asked to remind you to turn off cell phones and to emphasize that point i'm going to ask if any cell phones rang that the camera turned on new. to be as humiliating as possible. i'm going to be very brief and introductions so that we have as much time as possible to talk about the books in question, which are all fascinating. to my left sets two of my colleagues and ask her sort of three colleagues. one of them sort of honorary. bruce riedel who sits
international investors will want to invest back here in america, they will trust the integrity of our system. so, colleagues, i encourage all of you, let's come together when we have this next cloture vote and decide that it is time to fight for the people of this country and fight for the economic future of our country by proceeding to the debate of this bill and the passage of this bill and getting it to the president's desk. thank you, mr. president. the presiding officer: the senator fro minnesota. mr. franken: i rise this evening to talk about how we can take a big step towards holding wall street accountable and stopping it from lining its own pockets at the expense of america's families. last month, as part of the health care reconciliation bill, the senate also passed a student loan reform that ended a longtime corporate welfare program. our reforms halted the enormous subsidies that the federal government paid to lenders in the student loan market, replacing it with a program called "direct lending" that slashes $61 billion in costs to the taxpayers by cutting out the
of what has made america what it is. you take whatever you can never you can get this, and that is what led up to this crisis. some of them on wall street forgot that behind every dollar that is traded, or leverage, there is a family trying to buy a house, or pay for the education or open a business. or to save for retirement. what happened on wall street has real consequences across the country. i have also spoken about the need to move -- to have economic growth in the 21st century. wall street reform as part of that foundation. host: here is the "the new york times", they have a $50 billion fund that will be financed by the large companies to take apart the big banks and move them out of business. the obama administration is against the finding because this may affect the ability to deal with costly bank factors. there is also concern over the consumer banking agency and the republicans also oppose a proposal in a bill with ranch -- given by center blanche lincoln from arkansas -- centered blanche lincoln from arkansas. -- senator blanche lincoln from arkansas. caller: she has done n
. foxnews.com. remember, your other news source during "america's newsroom". martha: this is a fox news alert, the government just releasing a key new economic report that gives us a better snapshot of where the economic recovery stands now. according to the latest estimate, the gdp, gross domestic product, grew at 3.2%, the first quarter of this year. the gdp is essentially a measurement of the country's overall economic output. so here to give us some clue as to what this number means for the economy, fox news business network's gerry willis. here is the latest bit of data we have to get a gauge on what the economy is doing. it's significantly lower than it was in the fourth quarter of last year. why? >> that was unsustainable, we had growth of 5.6% in the fourth quarter and that's the normal inventory rebuilding that happens after a recession. that's what was going on. so once that was sort of over, economists were looking for somebody else to pick up the slack in the economy. turned out to be consumers. they're spending at levels they haven't spent in three years. they came in with
probe and s&p equity research cut them to a sell and bank of america and merrill cut them to a neutral. take a look at what's going on with the big financials this week overall. again, this is outside, just knock on risk from some of these other companies that we had overall and we still haven't got regulatory reform through yet and we still don't know what is in that bill. that is another risk floating out there for all these companies. we need anything else? how about massey energy. again, reports down here big that there might be a federal criminal investigation regarding that mine explosion in west virginia. spills, investigations and reputational risk the story of the day. scott, we're down almost 2% on the nasdaq this week it looks like to me. so, nasdaq is not up this week along with the dow and s&p. >> technologies lagged, bob. certainly a drag today. down 13%. 13.5% and being dragged down by the three technology stocks. microsoft down 0.6% and apple is down better than 1%. else where in big cap and widely held technology and google is positive, but only a fraction. the stock t
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